Latin America

Latin America
Friday, July 31st 2009 - 04:19 UTC

Chilean industrial production and sales fall at moderate pace

The ravaged salmon industry cut three percentage points from industrial output.

Chilean industrial output and sales fell less than expected in June, suggesting that the country’s economy could be climbing out of its deepest recession in a decade, according to the latest release from the Statistics Institute, INE.

Friday, July 31st 2009 - 04:07 UTC

Chilean copper industry recovers and regains over half lost jobs

Mining companies are re-launching their expansion plans

The Chilean mining industry has regained more than half of the jobs lost in the recent recession and is anticipating further growth, spurred in large part by a growing value for copper, according to the latest numbers from the Minister of Mining.

Friday, July 31st 2009 - 03:30 UTC

Iran loans Bolivia 280 million USD to develop industry and energy sector

Iranian president Mahmoud Ahmadinejad has several friends in Latam

Iran's top representative in Bolivia said Tehran has approved a 280 million US dollars loan for the Bolivian government to develop its industry and energy sector. Iranian diplomat in La Paz a Masoud Edrisi told the Associated Press Wednesday that the terms of the low-interest loan have net yet been set.

Thursday, July 30th 2009 - 13:59 UTC

Russia and Cuba sign Gulf of Mexico oil exploration agreement

Anywhere from 5 to 20 billion barrels of oil wait offshore Cuba

Russia is to begin oil exploration in the Gulf of Mexico, after signing a deal with Cuba, says Cuban state media. Russian Deputy Prime Minister Igor Sechin signed four contracts securing exploration rights in Cuba's economic zone in the Gulf.

Thursday, July 30th 2009 - 06:36 UTC

Unemployment in metropolitan Santiago down to 11.9%

Bachelet administration’s strong stimulus plans to create jobs and provide funds are “showing their fruits”

A report released by the University of Chile placed the unemployment rate of Santiago’s greater metropolitan area at 11.9%. The number marks a nearly one percentage point decrease from March, when the unemployment rate climbed to 12.8% in the metropolitan area.

Thursday, July 30th 2009 - 03:39 UTC

Chile requests additional time to clear mines along Bolivian border

According to Chile the border area with Bolivia was covered with 31.776 anti personnel and anti tank mines.

The Chilean government has requested neighbouring Bolivia to extend for a further two years (2012 to 2014) the timetable to clear of anti personnel mines planted in the seventies along border areas, reports La Razon, La Paz main daily.

Thursday, July 30th 2009 - 03:36 UTC

In open letter to Clinton maquilas call for democracy restoration in Honduras

Letter sent to Hillary Clinton was signed by Nike, Gap, Adidas and Knights Apparel.

Clothing companies Nike Inc., Gap Inc., Adidas and Knights Apparel have released a joint letter to US Secretary of State Hillary Clinton calling for the restoration of democracy in Honduras. The three companies with maquilas in Honduras wrote an open letter to Clinton, expressing their concerns about recent events in Central America.

Thursday, July 30th 2009 - 03:29 UTC

Chile wine production increases in volume and quality

Over a billion litres of wine and 85% with declaration of origin

The Chilean wine industry produced more wine, and of better quality, in 2009 than any previous year, according to a recent report by the Office of Agriculture and Livestock (SAG).

Thursday, July 30th 2009 - 01:57 UTC

Israel fortifies presence in Latin America

Israel's foreign minister, Avigdor Lieberman

The following article posted in The Miami Herald, written by Andres Oppenheimer gives a good reference framework of the current Teheran regime political and diplomatic penetration in Latinamerica and Israel’s latest effort to counter such an advance.

Wednesday, July 29th 2009 - 12:35 UTC

Canadian researchers suspect fish virus came to Chile from Norway in 1996

The ISA virus has been a nightmare for once flourishing salmon industry

A group of Canadian researchers suspect that Infectious Salmon Anemia (ISA), a highly contagious fish virus that has pummelled Chile’s farmed salmon industry the past two years, was introduced in Chile as far back as the mid1990s.


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